Binance Hits Back At Reuters, Claims Data Sharing Report With Russia Is ‘Categorically False’

Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months. Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them. The crypto exchange was not alone in its stance on account […]

Binance limits services in Russia due to the EU’s 5th package of sanctions

Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia. Binance officially announced Thursday new limitations for Russian nationals or residents of Russia, restricting such persons from trading if they hold over 10,000 Euros ($10,800). Restricted accounts are no […]

US Treasury Dept lists crypto mining firm in latest sanctions against Russia

The United States Treasury Department has added Russia-based crypto mining services provider BitRiver and several subsidiaries as firms facilitating the evasion of sanctions.  In a Wednesday announcement, the Treasury Department’s Office of Foreign Assets Control, or OFAC, said it was taking action against BitRiver AG as well as 10 of its Russia-based subsidiaries, naming the […]

EXMO Exits Russia, Sells User Base There to Unnamed Buyer

EXMO is also giving up its users in Kazakhstan since the new owner is based there. The structure of the deal is unclear, as EXMO hadn’t been operating as a separate legal entity in Russia. Maria Stankevich, EXMO’s chief business development officer, told CoinDesk that what’s being sold is “around a million users, software, intellectual […]

Crypto firm Exmo exits Russia and Belarus by selling part of its business

London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine. Exmo is selling its digital asset business in Russia and Belarus to a Russia-based software development company, Exmo officially announced on April 18. At the time of writing, the new […]

Hydra Loses Head: Russia Collars Mastermind Of The World’s Biggest Darknet Marketplace

Russian officials arrested on Friday the suspected co-founder of the world’s biggest darknet bazaar – Hydra – a week after German and US authorities shut down the platform. According to local media sources, the individual is identified as Dmitry Pavlov, the administrator of the recently shuttered darknet marketplace. Pavlov is being investigated in Russia for […]

Russia should use crypto for payments with Africa, commerce exec says

An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDC). Chamber president Sergei Katyrin sent a letter to Russian Prime Minister Mikhail Mishustin, providing a set of proposals for developing cooperation with African countries, the local state-backed publication TASS […]

Astronaut Launches 1st NFT, Raises $500K To Help Ukraine Fight Russia

A former NASA astronaut who spent nearly a year on the International Space Station is the latest public figure to release non-fungible tokens. Scott Kelly is launching his first NFT compilation, “Dreams Out of This World,” today, on International Day of Human Space Flight, to benefit Ukraine’s humanitarian efforts in the face of Russia’s war. […]

EU bans providing ‘high-value crypto-asset services’ to Russia

The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.” In a Friday announcement, the EU council said it would be closing potential loopholes in using digital assets for Russian entities […]